Further re Convert Bond Issue

Scottish & Southern Energy PLC
29 September 2004


Not for distribution in or into the United States


29 September 2004


Scottish and Southern Energy plc successfully completes Convertible Bond Issue
to raise up to £300 million


Scottish and Southern Energy plc ('SSE') announces that the terms for its £275
million Senior Unsecured 3.75 per cent Convertible Bonds due 2009 (the 'Bonds')
have been fixed as follows:


- initial conversion price has been set at 900 pence per share, which
  represents a 18.66 per cent premium over the VWAP reference price of 758.5
  pence; and

- the cash coupon has been set at 3.75 per cent.


Application will be made for the Bonds to be admitted to the Official List of
the UK Listing Authority and to the London Stock Exchange plc for the Bonds to
be admitted to trading on the London Stock Exchange's market for listed
securities. The Bonds will be offered outside the United States in compliance
with Regulation S.

Merrill Lynch International is acting as sole bookrunner and joint-lead manager.
Credit Suisse First Boston is acting as joint-lead manager (together with
Merrill Lynch International, the 'Managers').


In addition, SSE has granted the Managers of the offering of the Bonds an
over-allotment option of up to £25 million of Bonds.


For further information please contact:

Scottish and Southern Energy                Tel: [phone]

Alan Young - Director of Corporate Communications

Denis Kerby - Investor and Media Relations Manager


Merrill Lynch International                 Tel: [phone]

Simon Fraser

Julian Kozerski

Andrew Osborne


STABILISATION/FSA

In the United Kingdom, this announcement is directed exclusively at persons who
fall within article 19 (5) or 49 (2) of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2001 (all such persons together being referred
to as 'relevant persons'), and must not be acted on or relied upon by persons
other than relevant persons. Any invitation or inducement to engage in any
investment activity included within this announcement is available only to
relevant persons and will be engaged in only with relevant persons.



This announcement is not for distribution, directly or indirectly in or into the
United States or to any US person (as defined in Regulation S under the US
Securities Act of 1933, as amended ('Regulation S')).  These materials are not
an offer of securities for sale into the United States or elsewhere. The
securities may not be offered or sold in the United States or to, or for the
account or benefit of, US persons unless they are registered or exempt from
registration. There will be no public offer of securities in the United States.




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